Mortgage Street Smarts

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Mortgage and Lending - CMG Mortgage, San Diego, CA - NMLS 259027
From a young age, we learn the difference between BOOK SMARTS (knowledge learned in the school classrooms) and STREET SMARTS (what we learn in the "Real World"...often the hard way). There are no shortage of websites providing the BOOK SMARTS of the Mortgage Industry, but there are very few resources a Consumer has to learn about the STREET SMARTS of the Mortgage Industry. Please feel free to SUBSCRIBE (for free) to this ongoing source of truthful knowledge (without the worry of a "sales spin" buried somewhere in the message). After all, we tend to make better decisions when armed with the facts...the purpose of this blog is to provide FACTS by teaching you the MORTGAGE STREET SMARTS necessary to run your business (if you are a Real Estate Professional) or to make the best decisions for your family (if you are a Consumer). Enjoy!
Knowing the truth behind mortgage quotes has never been more important. As part of the MORTGAGE DEEP DIVE video education series, The Truth Behind Mortgage Quotes takes an in-depth look "behind the curtain" of how mortgage quotes are actually customized and quoted (and how consumes may be duped i...
Will Low Unemployment Figures Prevent A Recession in 2023? According to Treasury Secretary Janet Yellen, "You don't have a recession when you have 500,000 jobs and the lowest unemployment rate in 50 years." With the unemployment rate at 3.4% (the lowest since 1969), is Ms. Yellen correct?CEO's th...
Real Estate Professionals are no doubt all-too-familiar with the Real Estate Settlement Procedures Act (RESPA), but are you aware of some of the not-so-obvious violations?In short, the chart below lists some violations that may seem harmless, but they are indeed putting multiple parties at risk e...
What are some of the psychological impacts of a Divorcing Couple dealing with the marital home? In this interview, Dr. Sue Cornbluth, Clinical Psychologist interviews Certified Divorce Lending Professional (CDLP) and Certified Divorce Real Estate Expert (CDRE) Jason Gordon to discuss the need to ...
Can I use rental income to qualify for a loan?  Seems like a clear and concise question, but the answer will vary depending on the overall characteristics present.  Below is a grid referencing Fannie Mae & Freddie Mac "Conforming" (aka "Conventional") underwriting guidelines.  As you can see, Len...
Understanding Cash To Close (aka Funds To Close) is absolutely essential in order for Homebuyers to make informed decisions about how much of a home they can purchase within their budget.As part of the Mortgage Deep Dive video series, below is a video designed to help Homebuyers understand the nu...
Understanding monthly mortgage payments is absolutely essential in order for Homebuyers (and Homeowners) to make informed decisions about their real estate financing endeavors.As part of the Mortgage Deep Dive video series, below is a video designed to help Homebuyers and Homeowners understand th...
Fannie Mae & Freddie Mac have recently announced their new Conforming and High Balance Conforming Loan Limits for 2023.  If you are a Realtor, Financial Planner and/or Attorney, do you know how to articulate this great news to your Clients?  Here are a few talking points: In most counties across ...
A true "win-win" strategy for both Homebuyers and Home Sellers? You can't scroll social media nowadays without coming across videos and/or posts discussing 2/1 or 3/2/1 mortgage rate buydowns, but do you know how they actually work? If you are a Real Estate Agent and do not fully understand how S...
In this brief video interview, learn the "why" behind why San Diego based Residential Mortgage Specialist Jason Gordon has chosen to dedicate substantial efforts towards helping Divorcing Homeowners and Homebuyers by earning all 4 of the following credentials:Certified Divorce Lending Professiona...

Jason E. Gordon

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Author Bio: Jason Gordon is a Residential Mortgage Specialist in San Diego, CA. He combines ethics, education, and experience while helping Homebuyers and Homeowners to achieve their financial goals.View all AR Posts By Jason Gordon

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